Data, such as a customer's name, address, or location is called ____ data.

A. incident
B. customer
C. status
D. problem


Answer: B

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The price at which a stock can be sold depends upon a number of factors. Which statement below is not one of those factors?

a. the financial condition, earnings record, and dividend record of the corporation b. investor expectations of the corporation's earning power c. how high the par value is d. general business and economic conditions and prospects

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Assume that the price level in Japan is 120, the price level in the U.S. is 145, and the price level in Mexico is 110. Also assume that the current nominal exchange rates are 115 yen per dollar and 4 pesos per dollar. Calculate the real exchange rates between each pair of countries.

What will be an ideal response?

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Although changes in voice tone add vocal variety to messages, they do not affect interpretation of meaning.

Answer the following statement true (T) or false (F)

Business

Suppose the economy is thought to be 5 percent below potential (i.e., the output gap is ?5 percent), when potential output grows 3 percent per year. Suppose the Fed is following the Taylor rule, with an inflation rate of 6 percent over the past year. The equilibrium real fed funds rate is 3 percent and the weights on the output gap and inflation gap are 0.5 each. The inflation target is 1 percent. What should the federal funds rate be?

A. 4 percent B. 6 percent C. 8 percent D. 9 percent

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